I will hold a bullish bias on the EURUSD market on a short term basis this week. On the H4 time frame, a descending trendline (red) from the high of May 2018 may be a magnet for a bullish drive as the price action is presently disposed northward. A minor horizontal resistance is around the 1.18580 area, an area which was the origin of a strong bearish drive two weeks ago, and may be flipped once again as resistance. A breach of the area northward on a daily closing basis is likely to see further bullish move to around the 1.19900 area.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
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